National Fertilizers Ltd. (IN:NFL)
:NFL
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National Fertilizers Ltd.
(NFL)
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Rating:50Neutral
Price Target:
₹78.00
▼(-14.97% Downside)
Action:Reiterated
Date:05/29/26
The score is held back primarily by weak and volatile cash generation alongside a sharp rise in leverage, despite strong multi-year revenue growth and recent profitability. Technicals are moderately supportive in the short-to-medium term but still below the 200-day trend, and valuation is reasonable with a modest dividend yield.
Positive Factors
Revenue Growth & Profitability Return
Sustained multi-year revenue expansion and a return to profit indicate the company’s core volumes and pricing mechanics are working. Over a 2–6 month horizon this supports operational scale, preserves market presence in agriculture, and underpins recovery in earnings despite thin margins.
Negative Factors
Weak & Volatile Cash Generation
Large swings from strong positive to deeply negative operating cash flow signal structural working-capital or pricing timing issues. Over months this elevates refinancing risk, forces reliance on external funding for capex and operations, and constrains strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Profitability Return
Sustained multi-year revenue expansion and a return to profit indicate the company’s core volumes and pricing mechanics are working. Over a 2–6 month horizon this supports operational scale, preserves market presence in agriculture, and underpins recovery in earnings despite thin margins.
Read all positive factors
National Fertilizers Ltd. (NFL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹38.08B
Dividend Yield1.77%
Average Volume (3M)41.73K
Price to Earnings (P/E)18.1
Beta (1Y)1.64
Revenue Growth8.69%
EPS Growth14.98%
CountryIN
Employees2,739
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)2.14
Shares Outstanding490,578,400
10 Day Avg. Volume43,953
30 Day Avg. Volume41,728
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)1.11
Price to Sales (P/S)0.15
P/FCF Ratio-1.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
National Fertilizers Ltd. Business Overview & Revenue Model
Company Description
National Fertilizers Limited, established in 1974 and based in Noida, India, is primarily engaged in the manufacturing and distribution of a wide array of products including urea, various industrial chemicals, and biological fertilizers across Ind...
How the Company Makes Money
NFL generates revenue primarily from the sale of fertilizers, with urea as its main product and additional revenue from other nitrogenous and value-added fertilizers (e.g., NPK and related grades, where applicable by product mix). Its core revenue...
National Fertilizers Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 206.10B | 215.14B | 197.94B | 235.60B | 71.17B | 49.08B |
| Gross Profit | 36.72B | 18.88B | 25.63B | -142.92B | -202.85B | -85.58B |
| EBITDA | 6.97B | 8.34B | 8.10B | 8.02B | 12.70B | 6.16B |
| Net Income | 1.05B | 2.11B | 1.84B | 1.50B | 4.58B | -951.20M |
Balance Sheet | ||||||
| Total Assets | 132.84B | 117.24B | 93.11B | 112.06B | 125.34B | 104.94B |
| Cash, Cash Equivalents and Short-Term Investments | 1.21B | 590.50M | 1.42B | 299.30M | 132.10M | 258.20M |
| Total Debt | 45.37B | 39.64B | 20.01B | 40.91B | 39.93B | 31.72B |
| Total Liabilities | 107.20B | 76.94B | 65.95B | 86.51B | 99.92B | 84.47B |
| Stockholders Equity | 25.64B | 28.41B | 27.16B | 25.54B | 25.42B | 20.47B |
Cash Flow | ||||||
| Free Cash Flow | -24.53B | -18.01B | 23.86B | 3.76B | -5.41B | -13.26B |
| Operating Cash Flow | -23.15B | -15.73B | 25.90B | 6.68B | -3.33B | -10.29B |
| Investing Cash Flow | -889.40M | -2.75B | -2.68B | -3.34B | -2.06B | -1.29B |
| Financing Cash Flow | 24.41B | 18.85B | -23.34B | -3.18B | 5.26B | 11.45B |
National Fertilizers Ltd. Technical Analysis
Positive
91.73
Price Trends
75.84
Positive
75.86
Positive
83.63
Negative
Market Momentum
0.17
Negative
58.65
Neutral
72.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NFL, the sentiment is Positive. The current price of 91.73 is above the 20-day moving average (MA) of 75.62, above the 50-day MA of 75.84, and above the 200-day MA of 83.63, indicating a neutral trend. The MACD of 0.17 indicates Negative momentum. The RSI at 58.65 is Neutral, neither overbought nor oversold. The STOCH value of 72.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NFL.
National Fertilizers Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹196.31B | 9.94 | ― | 2.13% | 24.92% | 18.44% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹607.92B | 30.66 | ― | 0.50% | 30.70% | -5.33% | |
53 Neutral | ₹139.17B | 14.87 | ― | 0.62% | 52.51% | 56.28% | |
53 Neutral | ₹72.88B | 17.46 | ― | 0.93% | 9.13% | 76.20% | |
51 Neutral | ₹646.04B | -1,544.25 | ― | 0.04% | 41.30% | -195.86% | |
50 Neutral | ₹38.08B | 18.10 | ― | 1.77% | 8.69% | 14.98% |
* Basic Materials Sector Average
IN:NFL
National Fertilizers Ltd.
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-19.74%
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IN:PARADEEP
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IN:RCF
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National Fertilizers Ltd. Corporate Events
ICRA Reaffirms Strong Credit Ratings for National Fertilizers Limited
May 26, 2026
National Fertilizers Limited has announced that ICRA Limited has reaffirmed its credit ratings across key borrowing facilities. The company’s long-term fund-based cash credit limit of Rs. 9,000 crore has been rated [ICRA] AA with a Stable ou...
National Fertilizers Appoints Arvind Kumar as Director (Finance), Restructures Board Roles
May 12, 2026
National Fertilizers Limited has reshaped its senior leadership in finance with the appointment of Arvind Kumar as Director (Finance) effective May 12, 2026, for a term of up to five years or until further orders. Concurrently, Director (Marketing...
National Fertilizers gives finance portfolio additional charge to marketing chief Gupta
Mar 3, 2026
National Fertilizers Limited has announced a management change with Director (Marketing) Mahesh Chander Gupta receiving additional charge of the Director (Finance) role for three months or until a regular appointee joins, subject to government app...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.